70# 3 EMA'S Trading System

Time Frame: 15 or higher.

Currency pair: all.

 

Indicators:

3 EMA (exponential moving average indicator);

13 EMA (exponential moving average indicator);

144 EMA (exponential moving average indicator).

 

Long Entry

The price should 1. be above the 144 EMA

2. The price should be above the 13 EMA

3. The price should be above the 3 EMA

4.When the 3 EMA comes from below the 13 EMA to above

it, this is a signal to enter a long trade.

5. Open a long trade at the start of the next candle

6. Place a stop-loss order at the most recent lows

7. Exit the trade when the 3 EMA crosses below the 13 EMA

(optional)

 


 

In the picture below an example 3 EMA'S Trading System in action.

This screenshot shows (Point A) where the 3 EMA (Green Line)

crosses over the 13 EMA (Pink Line) to the up side, thus

generating a buy signal to go long because they were both

above the 144 EMA (Black Line).

The trade would have been exited at point B

 

 

Short Trade

The price should 1. be below the 144 EMA

2. The price should be below the 13 EMA

3. The price should be below the 3 EMA

When the 3 EMA comes from above the 13 EMA to below

4. it, this is a signal to enter a short trade.

5. Open a short trade at the start of the next candle.

6. Place a stop-loss order at the most recent highs

7. Exit the trade when the 3 EMA crosses above the 13 EMA

(optional)

 

 

The screenshot above is showing a short trade. (Point A) is

where the 3 EMA (Green Line) crosses over the 13 EMA (Pink

Line) to the down side thus generating a sell signal to go short

because they were both below the 144 EMA (Black Line).

The trade would have been exited at point B.

The second part of the 3 EMA trading system is when both of

the shorter moving averages cross over the 144 EMA at roughly

the same time (within a few candles).

 

13 crossing the 144

This part of the system involves watching for the 13 and 144

EMAs crossing over the 144 EMA, whether above or below (long

or short positions). This might be a very good trading

opportunity.

An example of what the chart looks like when this happens is

pictured on the screenshot below.

As you can see, the 3 (Green) is crossing below the 144 (Black)

at about the same time the 13 (Pink) is crossing below the 144

(Black). This can be very powerful.

When both the shorter EMAs are below the 144 EMA this is the

time to enter a short trade, with stop loss at the most recent

highs.

If you missed this entry for some reason you can also enter a

short position if the price comes back to the 13 EMA (Pink Line).

Once the trade is moving in your favour the 144 EMA is your

trailing stop.

 

 

EXIT POSITION

Exit 1 Have a predetermined target; either at least the same

amount as you are risking or twice or 3 times the risk.

Exit 2 Follow the trade by moving your stop-loss order as the

price makes pull-back highs, (short trades - opposite for long

trades) each time a new pull-back high is made ride the trade

down.

Exit 3 Employ a trailing stop.

 

Trading System
AWADIS+.zip
Compressed Archive in ZIP Format 19.9 KB

 

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